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Days ahead of the Budget, Gopinath suggested that India continue its direct cash support schemes to the poor in 2021, including the expanded employment guarantee scheme, while prioritising public infrastructure spending.
Markets wary of Covid curbs, slip over 1.5%The BSE Sensex fell 870.51 points or 1.74 per cent to close at 49,159.32, having plunged almost 2.3 per cent during trade. NSE’s Nifty declined 229.55 points or 1.54 per cent to close at 14,637.80, recovering from a drop of 2… Read More86% insolvency cases pending over 270 daysOver 85% of the ongoing corporate insolvency cases have dragged beyond 270 days, which was the upper limit for finalisation of the process. Latest data released by the Insolvency & Bankruptcy Board of India (IBBI) on Mond… Read MoreSundaram mutual fund Equity CIO quitsHis exit comes as Sundaram is set to buyout the Indian asset management business of US-based financial services group Principal in an all cash transaction, which is waiting for approval from the markets regulator.
from Stock… Read MoreTwo Credit Suisse executives to depart as bank details Archegos losses: ReportThe bank was already facing scrutiny over its relationship with British finance firm Greensill, which collapsed into insolvency last month.
from Stocks-Markets-Economic Times https://ift.tt/39KGF0A
… Read MorePSBs ahead of private banks in passing on rate cutsThe RBI cut its policy repo rate against which the lending rates of banks are benchmarked by 115 bps over the period to 4 per cent. The central bank has been signaling lower rates along with an easy monetary policy to revive … Read More
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